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GWM admits signing cooperative feasibility agreement with Mini
GWM admits signing cooperative feasibility agreement with Mini

GWM releases announcement to clarify rumor of opening JV with BMW, but admits signing cooperative feasibility agreement with Mini

Oct. 13 , 2017
CNNC Hua Yuan Titanium Dioxide Co., Ltd plans to purchase 35% shares of Union Energy with RMB 35 million to enter into lithium battery area
CNNC Hua Yuan Titanium Dioxide Co., Ltd plans to purchase 35% shares of Union Energy with RMB 35 million to enter into lithium battery area

On Oct. 11, CNNC Hua Yuan Titanium Dioxide Co., Ltd signed an equity transfer agreement with Hui Jingyuan and other shareholders of Union Energy to purchase 35% shares with RMB 35 million.

Oct. 13 , 2017
JAC net profit drops 80% in the previous three quarters and passenger vehicle sales are cut in half in September
JAC net profit drops 80% in the previous three quarters and passenger vehicle sales are cut in half in September

On Oct. 10, JAC Auto released performance forecast for the previous three quarters of 2017, showing that net profit attributable to the shareholders in the previous nine months declined 80% year-on-year to an estimated RMB 163.5 million on the basis

Oct. 13 , 2017
Geely purchases Lotus, aiming to challenge Porsche
Geely purchases Lotus, aiming to challenge Porsche

Geely officially announced that it purchased 51% shares of Lotus. With the purchase of Lotus, it will be competitive enough to rival with Porsche.

Oct. 12 , 2017
Leapmotor’s electric car to be released on Nov. 10 and to hit the market in 2018
Leapmotor’s electric car to be released on Nov. 10 and to hit the market in 2018

It is revealed that Leapmotor will release its first electric car on Nov. 10. The new model will hit the market in 2018 with price range between RMB 120,000 and RMB 150,000.

Oct. 12 , 2017
Jiangsu Joylong Automobile recalls some Dama BEVs for BMS program bugs
Jiangsu Joylong Automobile recalls some Dama BEVs for BMS program bugs

Jiangsu Joylong Automobile recalls some Dama BEVs for BMS program bugs

Oct. 11 , 2017